PRINCIPLES OF ACCOUNTING II

Program:
Accounting Careers

Course:
Principles of Accounting II

Course #:
ACCT1107

Total Credits:
4

Course Description

This course is a presentation of accounting for intangible assets, long-term liabilities, stockholders` equity and retained earnings. It includes financial statement analysis, the cash flow statement and provides an introduction to cost and managerial accounting.

Course Evaluation

Refer to Course Syllabus for detailed information regarding the requirements and evaluation standards for this course. The Course Syllabus will be distributed the first week of the course.

Disability Services

Hennepin Technical College offers reasonable accommodations to qualified students with disabilities. If you have a documented disability that may require accommodations, contact the college’s Disability Services Director: Sara Laviolette at Brooklyn Park (763-488-2477) or Jean Kreutter at Eden Prairie (952-995-1544).

Course Goals

The following goals will be addressed in the course:
Prepare the journal entries for partnership equity
Describe the basic characteristics of corporations
Journalize entries related to a corporation's stock transactions, including dividends
Record journal entries related to bonds
Prepare a statement of cash flows
Analyze financial statements
Journalize transactions for equity investments methods using the cost and equity methods
Identify costs and terminology specific to manufacturing operations
Prepare basic journal entries for a job order cost accounting system
Compute unit costs using a process costing system
Perform cost-volume-profit calculations
Develop schedules needed for a master budget